News

The company has entered into a put and call option agreement with Precise Industries Pte Ltd in connection with the proposed acquisition.

Luxury residential prices in the Asia Pacific region are generally likely to remain stable or see slower growth in 2011 due to ongoing policy and interest rate risks.

Rental growth of up to 30% is expected across Asia Pacific this year, with the strongest growth likely to be seen in supply constrained markets.

Clients and analysts are not worried despite the company's announcement that the delivery of its first rig for Discovery Offshore will be delayed for eight weeks.

New York topped the Cities of Opportunities ranking while Singapore ranked 9th worldwide.

The 27% YoY fall in the company's revenue to S$130.5mln was due to the project's progress from the engineering and procurement to the construction phase.

The utility company aims to derive 40% of its total revenue from Asia's largest economy as the Chinese government gears to double its spending on water conservancy projects.

For most employers, this entails a 5-10% increase to current staff numbers.

The $460 million weighted new business premiums was spurred by robust sales across all products.

Revenue contributions from 12 Japanese nursing homes boosted the company's NPI 14.6% YoY to S$19.7mln.

58.4% of survey respondents are undecided whether the measures will succeed in cooling Singapore's red-hot property market.

The figure is down from the 4,800 job seekers place in the same period last year.

Data from past polls show the index typically outperforms if the percentage of votes won by PAP is high, said DMG Research.

Sales might be strong for the Toh Tuck Road project, but OCBC Research says policy overhang might slow down the company's momentum.

The PMI grew more than expected to 52.5, after slipping for the last two consecutive months, said OCBC.

Futures & options average daily trading volume rose from 224,575 to 252,401.